Nov (NOV) Cost of Revenue (2009 - 2026)
Nov (NOV) reported Cost of Revenue of $1.7 billion for Q1 2026, up 1.03% on a YoY basis from $1.7 billion in Q1 2025, and down 18.51% sequentially from $2.1 billion in Q4 2025.
Nov (NOV) Cost of Revenue (2009 - 2026) Analysis & Trends
Nov (NOV) has 18 years of Cost of Revenue data on file, last reported at $1.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 1.03% year-over-year to $1.7 billion; the trailing twelve-month figure through Mar 2026 stood at $7.1 billion (up 6.25% YoY), and the FY2025 full-year result was $7.0 billion, up 6.63% from the prior year.
- Cost of Revenue fell to $1.7 billion in Q1 2026, from $2.1 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $2.1 billion in Q4 2025 to a low of $1.3 billion in Q1 2022.
- A 5-year average of $1.7 billion and a median of $1.7 billion in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue soared 31.57% in 2022 and dropped 6.12% in 2024, its largest moves.
- Tracing NOV's Cost of Revenue over 5 years: stood at $1.6 billion in 2022, then increased by 13.25% to $1.8 billion in 2023, then dropped by 6.12% to $1.7 billion in 2024, then gained by 18.47% to $2.1 billion in 2025, then decreased by 18.51% to $1.7 billion in 2026.
- Business Quant data shows NOV's Cost of Revenue at $1.7 billion in Q1 2026, $2.1 billion in Q4 2025, and $1.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 3.34 Bn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 2.05 Bn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 855.20 Mn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 3.37 Bn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 1.67 Bn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 329.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 126.34 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 565.16 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 122.88 Mn |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 166.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.67 Bn |
| Mar 31, 2026 | 1.67 Bn |
| Dec 31, 2025 | 2.05 Bn |
| Dec 31, 2025 | 2.05 Bn |
| Sep 30, 2025 | 1.68 Bn |
| Sep 30, 2025 | 1.68 Bn |
| Jun 30, 2025 | 1.66 Bn |
| Jun 30, 2025 | 1.66 Bn |
| Mar 31, 2025 | 1.66 Bn |
| Mar 31, 2025 | 1.66 Bn |
| Dec 31, 2024 | 1.73 Bn |
| Dec 31, 2024 | 1.73 Bn |
| Sep 30, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.72 Bn |
| Jun 30, 2024 | 1.55 Bn |
| Jun 30, 2024 | 1.55 Bn |
| Mar 31, 2024 | 1.70 Bn |
| Mar 31, 2024 | 1.70 Bn |
| Dec 31, 2023 | 1.85 Bn |
| Dec 31, 2023 | 1.85 Bn |